Category Archives: Credit Report Tips

Lenders continue to lower FICO requirements for new homebuyers


  The average agency FICO score for banks is high at 745, compared to 713 at nonbank lending institutions.  Both show FICO requirements are on the way down, but it’s more pronounced at the nonbanks. Here’s why. Source: Lenders continue to lower FICO requirements for new homebuyers   The nation’s major banks are continuing to […]
Read More »

HOW DO I GET MY CREDIT SCORE THAT MATTERS


Source: HOW DO I GET MY CREDIT SCORE THAT MATTERS   What factors influence how long it takes to repair your credit? When a new client comes into our office to first go over their credit repair plan, they always ask the question, “How long will it take to bring my score back up?” Of […]
Read More »

How to boost your credit score for A Mortgage Loan Approval in Kentucky!


  Want to increase your credit score before buying a home? It might be easier than you think. Focus on these 6 steps and watch your score climb. Source: How to boost your credit score What Can Improve a Credit Score Keep Your Balances Low It’s important that you try to keep your balances at […]
Read More »

Debt to Income Ratios for A Kentucky Mortgage Loan


Debt to Income Ratios for A Kentucky Mortgage Loan There are two debt-to-income (DTI) ratios on every loan: housing or front-end ratio and total or back-end ratio. The housing ratio tells us what percentage of the borrower’s monthly gross income is allocated toward the monthly principal, interest, tax, and insurance (PITI) payment. The total ratio […]
Read More »

Kentucky FHA Credit Score Requirements for 2014, Based on Lender Feedback


Kentucky FHA Credit Score Requirements for 2014,  We’ve spent the last few days querying mortgage lenders about their credit score requirements for FHA loans. Specifically, we asked lenders if they expect to make any major changes next year, as far as credit scores are concerned. As it turns out, FHA credit score requirements in 2014 […]
Read More »

Ditch your spouse when buying that house – NASDAQ.com


Ditch your spouse when buying that house – NASDAQ.com. Based on the worst credit score  “Your spouse’s lower score might make it hard to get a mortgage or get a mortgage at a good rate,” says Anthony Sprauve, director of public relations with myFICO.com in San Jose, Calif.   “Lenders don’t take an average between your two […]
Read More »

Signs of credit-score easing for buyers as market softens | Business & Technology | The Seattle Times


Signs of credit-score easing for buyers as market softens | Business & Technology | The Seattle Times.

5 Ways to Rebuild Your Credit Score


5 Ways to Rebuild Your Credit Score for a Kentucky Mortgage loan. USDA, FHA, VA, Fannie Mae generally all require a 620 to 640 score on most applicants now. Louisville Kentucky FHA , VA, USDA, Fannie Mae Pinned byLouisville Kentucky Mortgage FHA, VA, KHC, USDA, Fannie Mae OntoLouisville Kentucky FHA , VA, USDA, Fannie Mae […]
Read More »

Get Your Credit Answers: Get a copy of your free credit report


Get Your Credit Answers: Get a copy of your free credit report. via Get Your Credit Answers: Get a copy of your free credit report. Get Your Credit Answers Step 1:   Get Your Free Credit Report in 2012 All consumers in the US are entitled to receive one free credit report each year from each […]
Read More »

Homeownership Assistance Programs: Kentucky


Homeownership Assistance Programs: Kentucky. via Homeownership Assistance Programs: Kentucky. Underwriting Guidelines Louisville Mortgage Underwriting Guidelines Understanding Louisville Mortgage mortgage underwriting guidelines will help you understand your loan options when purchasing or refinacing a home. Now that you have found your dream house, you are going to need to apply for a Louisville Mortgage mortgage loan. Your […]
Read More »